Richard Ross has joined law firm Chadbourne & Parke LLP as counsel in the corporate practice. He previously was a vice president and assistant general counsel in Goldman Sachs's merchant banking legal group.
(Reuters) – Vivendi (VIV.PA) is likely to sell its 20 percent stake in media company NBC Universal (NBCU) and may discuss the matter at a board meeting on Oct. 14, a source close to the situation told Reuters on Wednesday. Speculation has risen that Vivendi will sell its stake after sources told Reuters last week […]
LONDON (Reuters) – The 3.2 billion pound ($5.08 billion) London Pension Fund Authority is looking for private equity and infrastructure investments as it releases some of the cash hoarded during the financial crisis, the CEO said. “Cash allocation is higher than we would like at the moment,” said LPFA chief Michael Taylor. At end-June LPFA’s […]
LONDON (Reuters) – British private equity firm Candover (CDI.L) said on Wednesday it is extending a standstill agreement on its 2008 fund as it continues discussions with investors over the future of the fund. Candover said the fund suspension will continue until December 4, 2009, preventing it from making any new acquisitions. The buyout firm […]
NEW YORK (Reuters) – A federal grand jury is investigating whether Hilton Worldwide and some of its former executives should face criminal charges for allegedly stealing tens of thousands of pages of confidential documents from rival Starwood Hotels & Resorts (HOT.N), the Wall Street Journal said, citing people familiar with the situation. The grand jury […]
LONDON (Reuters) – British renewable energy company Novera Energy (NOEN.L) on Wednesday rejected a cash offer from private-equity backed peer and shareholder Infinis Energy, valuing it at 90.5 million pounds ($143.6 million). Novera, which operates landfill gas sites, hydro power stations and wind farms, said the offer from Terra Firma-backed Infinis of 62.5 pence per […]
LONDON (Reuters) – Park Resorts, Britain’s second-largest caravan parks company, said on Wednesday it had secured a 325 million pound ($516 million) debt deal with lenders that include Lloyds Banking Group (LLOY.L). Private equity-owned Park Resorts said the debt deal, which gives lenders a five percent stake in the company, had been restructured but headline […]
MUMBAI (Reuters) – India’s Axis Private Equity, a unit of private sector lender Axis Bank (AXBK.BO), hopes to raise an additional $250 million for its infrastructure fund in 6-9 months, its chief executive said on Wednesday. The fund has already invested two-thirds of its first $150 million. “We will continue to invest in infrastructure services […]
Brian Bode has joined Bell Partners as a senior vice president, with a focus on adding global institutional investors to the company's existing base of individual investors and joint venture partners. Late last year, Bode stepped down as an executive director with UBS Investment Bank, where he had been a placement agent for private equity real estate funds. Prior to joining UBS in August 2005, Bode had been with Atlantic Pacific Capital.
NEW YORK (Reuters) – Private equity firm OpenGate Capital has dropped out of the bidding for McGraw-Hill Cos Inc’s (MHP.N) BusinessWeek magazine, a person familiar with the matter said on Tuesday. OpenGate had put in a bid for the 80-year-old magazine last month, along with Bloomberg LP, investment firm ZelnickMedia and Boston Properties Inc (BXP.N) […]